51 Main St, Addyston, OH 45001-2520
This exceptional Addyston, Ohio business opportunity, located just outside Delhi, is offered at $900,000 with a 15.70% cap rate and a strong NOI of $172,607. The property includes four buildings on a 22-acre lot with 40 parking spaces and permitted business zoning. The turnkey operation includes all real estate, furniture, fixtures, and equipment, currently generating gross income of $195,204. Expenses include annual taxes ($5,303), insurance ($2,600), gas/electric ($2,700), water/sewer ($840), and maintenance ($7,250). The property features a pro shop with office, storage, and a large detached garage (30x40). Two long-term residential rentals are included, currently generating $1,300 monthly rent. The business includes 20 bays (12 covered), ball dispensing and picking machines, a ball washer, and extensive inventory (clubs, balls, etc., valued at approximately $110,000). Seller financing options are available. The property offers significant expansion potential, including adding a pickleball court or putt-putt course. The current tenant pays taxes, water, sewer, insurance, and exterior maintenance. This is a stabilized, multi-tenant business opportunity with a high return on investment. The property is easily accessible and has excellent road frontage. Please note that the property is currently operating as a golf ball business.
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Addyston Driving Range Golf Instructor Service Establishment
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.